TLDR
- Rigetti Computing releases Q4 FY2025 financial results following market close on March 4, 2026.
- Wall Street forecasts an earnings per share loss between $0.03 and $0.04, with revenue projected near $2.33 million, representing a ~2.6% increase year-over-year.
- Remaining Performance Obligations (RPOs) serve as the critical indicator for assessing future revenue momentum.
- RGTI shares have declined more than 21% year-to-date, while maintaining a 116% gain over the trailing 52-week period.
- Wall Street consensus stands at Moderate Buy with an average price target of $38.75.
Rigetti Computing will unveil its fourth-quarter fiscal 2025 financial performance following the market close today, March 4, 2026.
Analyst estimates point to a per-share loss ranging from $0.03 to $0.04. This projection represents a significant improvement compared to the $0.08 loss recorded during Q4 2024.
Revenue projections cluster around $2.33 million, marking approximately 2.6% growth versus the same period last year. While this increase appears modest, it gains importance when considering Q3 2025’s nearly 18% year-over-year revenue decline.
The company operates with a net margin of -10,321.93%, a figure that underscores its current status as a pre-profitability enterprise with substantial R&D investments. Return on equity measures -43.45% while return on assets stands at -31.72%.
One positive financial indicator: Rigetti maintains minimal debt obligations. The company’s debt-to-equity ratio registers at just 0.02, considerably lower than industry benchmarks.
RGTI shares traded in the $16.79–$17.69 range prior to the earnings announcement. Year-to-date performance shows a decline exceeding 21%, influenced by broader technology sector pressure related to valuation adjustments.
Looking at the trailing 52-week period, RGTI has climbed 116%. Shareholders who entered positions earlier continue to hold substantial gains.
The Metric That Matters Most
For Rigetti, Remaining Performance Obligations — abbreviated as RPOs — will command the greatest attention from analysts and market participants.
RPOs quantify the total value of contracted commitments awaiting fulfillment. For Rigetti, which provides access to quantum processing units (QPUs) alongside cloud-based services, this metric reveals the volume of guaranteed revenue awaiting recognition.
RPO figures experienced a dip during early 2025 before demonstrating recovery. A robust RPO reading in today’s report would indicate customers are committing to extended contracts rather than limiting themselves to single transactions.
Hardware Delays in Focus
Rigetti postponed the debut of its 108-qubit Cepheus-1-108Q system, rescheduling it for the conclusion of Q1 FY2026. Market participants will seek confirmation that this revised timeline remains achievable.
The company had previously set a goal to deliver a 100+ qubit chiplet-based quantum system achieving 99.5% median two-qubit gate fidelity by the close of 2025. Whether Rigetti achieved or fell short of this benchmark will likely surface during the earnings conference call.
Historical earnings responses have shown inconsistent patterns. During Q3 2025, Rigetti surpassed EPS projections by $0.01, yet shares declined 5.08% the following trading session. In Q2 2025, an earnings miss resulted in a 6.42% stock price increase. The correlation between estimate performance and share price movement remains unpredictable.
Seven analysts currently cover RGTI: five assign Buy ratings while two maintain Hold ratings. The consensus price target sits at $38.75, suggesting potential upside of approximately 128% from current trading levels.
Rigetti’s Q4 FY2025 earnings release is scheduled for after market close today, March 4, 2026.
